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The issuing of banknotes in Northern Ireland is regulated by the Currency and Bank Notes Act 1928, the Coinage Act 1971, Banknotes (Ireland) Act 1864 (c. 78), Banknotes (Ireland) Act 1920 (c. 24), Bankers (Ireland) Act 1845, Bankers (Northern Ireland) Act 1928 (c. 15), among others.
The smaller denomination British 1p and 2p coins continued to be unofficially interchangeable with the Irish coins until the euro was introduced in 2002, partly due to their identical size and shape. Ireland adopted the euro as its currency along with most of its EU partners on 1 January 2002. The national side of the Irish euro coins bears the ...
One side of euro coins is common across the eurozone, it is the obverse which has a design unique to Ireland. Although some other countries used more than one design, or even a separate design for each of the eight coins (1c, 2c, 5c, 10c, 20c, 50c, €1 and €2), Ireland used only one design.
Banknotes of Ireland. A 5 Pound note issued by the private banking firm of Gibbons & Williams in Dublin, Ireland (1833). Ireland has a history of trading its own banknotes for several centuries, both when the whole of Ireland was one legal entity, and following partition of the island into the Republic of Ireland and Northern Ireland.
The Irish Free State, subsequently known as Ireland, resolved in the mid-1920s to design its own coins and banknotes. Upon issuing the new currency, the Free State government pegged its value to the pound sterling. The Currency Act, 1927 was passed as a basis for creating banknotes and the "Saorstát pound" (later the "Irish pound") as the ...
6d. £0.025. 1547–1970; circulated from 1971 to 1980 with a value of two and a half decimal pence. Also called "tanner", sometimes "tilbury", [ 5] or "joey" after the groat was no longer in circulation. [citation needed] Shilling. 1/-. £0.05. 1502–1970, circulated from 1971 to 1990 with a value of five decimal pence.
The pound ( Irish: punt) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or £Ir for distinction. [ 1]) The Irish pound was replaced by the euro on 1 January 1999. [ 2] Euro currency did not begin circulation until the beginning of 2002.
The decimal one penny (1p) ( Irish: pingin) coin was the second-smallest denomination of the Irish pound. There were 100 pennies (pence) to the pound. The coin was first issued on Decimal Day, 15 February 1971. It was the second of three new designs introduced all in bronze, the others being a half-penny and a two pence coin.